Founded in 2008 by two friends Elite Precast Concrete Ltd from Telford in Shropshire have experienced over 14 years of unprecedented growth culminating in the most exciting phase in the company’s history starting in January 2023.
From humble beginnings in a small rural factory outside much Wenlock, Shropshire, Elite have grown to a turnover over £22m in 2022 and now employ nearly 100 staff spread over three factories in the heart of Telford’s industrial area.
Supplying a huge range of precast concrete to all sectors and regions of the UK and beyond Elite have become the go to company for quick answers, great value products and good old fashioned personal customer service.
Then in December 2022 the company was delighted to welcome new majority shareholders in the form of Lloyds Animal Feeds (LAF Holdings Ltd). LAF are a Shropshire based privately owned company with a passion for investing in local businesses who have shown the drive and ambition to grow.
LAF’s ethos is to provide support where necessary but to allow the existing management to continue to develop the business. Commenting on the share sale Co-Owner Richard Doody said – ‘’we are so pleased to welcome LAF on board. Their proven track record in helping companies realise their full potential is second to none and with their backing we know Elite Precast Concrete will fulfil its ambition to double the size of the company in the next 10 years.
Almost immediately after the share sale was completed Elite were given the opportunity to purchase by far the biggest factory and yard on the trading estate where they are based and the company leapt at the chance. The acquisition of Unit (see below..) has doubled the production capacity for the company in terms of factory space with the new office providing a wonderful place for the staff to work too. With well over 100,000 square feet of space along with an extensive yard Elite are busy commissioning a state of art concrete batching plant which will help to make the many new products that Elite are planning to bring to the market during 2023.